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Finance, AML & Compliance

ICA Advanced Certificate in Anti Money Laundering

Course details

Cost

£1,775

Length

Self-study for 6 months and attendance on two half day virtual classrooms. Enrolment by 5 July 2021.

Course Overview

Qualified anti money laundering (AML) professionals are in demand as organisations increase their focus on risk prevention. The ICA International Advanced Certificate in Anti Money Laundering is an intermediate level course designed both for those in an AML role and those looking to embark on a new career in AML and, by attending this course, you will gain actionable, practical knowledge to excel in your role.



Course Content

Topics to be covered include:

  • What are the Money Laundering, Terrorist Financing and Sanctions Risks that must be managed?
  • The International Bodies and Standard Setters
  • National Legal and Regulatory Frameworks
  • Taking an AML/CFT Risk-based Approach and Managing the Risks
  • Initial and “Ongoing” Customer Due Diligence (CDD)
  • Monitoring Activity and Transactions
  • Recognising and Reporting Suspicions
  • The Vulnerabilities of Specific Services and Products

This course is offered by International Compliance Association Commercial Services (ICA’s approved training provider).During the restrictions imposed by the Covid19 pandemic ICA have made significant investments in technology and resources to create a new student experience – a blend of self-study, instructor-led virtual classrooms, dynamic discussions around live scenarios, topical reviews of industry events and bite-size videos. All designed to help you get the most out of the course, increase your chances of success and take away the practical knowledge you need to think differently and perform better in your role.

The course comprises:

  • 6-month course assessed by 2 written assignments (2,000 – 2,500 words)
  • A mixture of guided online study and participation in live sessions:
  • 1 x virtual classroom – groups are limited to 36 students to maximise the study experience
  • 1 x live, immersive learning scenario – a powerful experience putting you at the centre of a story, helping you bridge the gap between what you know and how you can apply that knowledge in your role.
  • 6 x monthly “in the spotlight” videos covering the latest industry developments
  • Proactive support throughout the course to help you stay on track

It is recommended that you study 6-8 hours per week over the six month period.

You can request a copy of the full syllabus here.

The next course dates are as follows:

Online course content accessible from 5 July 2021

Module 1 (Group 1);

  • Assessment Preparation Session - Chief Examiner - TBC (90 minutes)
  • Virtual Classroom 1 - 2 August 2021 (09:30-12:30)
  • Assessment Preparation Session - 6 September 2021 (08:30-09:10)
  • Assignment 1 - 11 October 2021 (results 3 December 2021)

Module 1 (Group 2);

  • Assessment Preparation Session - Chief Examiner - TBC (90 minutes)
  • Virtual Classroom 1 - 4 August 2021 (14:30-17:30)
  • Assessment Preparation Session - 8 September 2021 (13:00-13:40)
  • Assignment 1 - 11 October 2021 (results 3 December 2021)

Module 2 (Group 1);

  • Immersive Scenario - 26 October 2021 (09:30-12:30)
  • Group Tutorial - 29 October 2021 (08:30-09:30)
  • Assessment Preparation Session - 6 December 2021 (08:30-09:10)
  • Assignment 2 - 10 January 2022 (results 25 March 2022)

Module 2 (Group 2);

  • Immersive Scenario - 26 October 2021 (14:30-17:30)
  • Group Tutorial - 28 October 2021 (13:30-14:30)
  • Assessment Preparation Session - 6 December 2021 (13:00-13:40)
  • Assignment 2 - 10 January 2022 (results 25 March 2022)





Course Benefits

You will develop a practical understanding of anti money laundering principles and provide yourself with all of the knowledge you will require to begin or further a career in anti money laundering.

You will learn how to manage the risks of terrorist financing and also how to evaluate suspicious activity. You will also study the AML risks involved in emerging industry sectors such as mobile financial services and e-payments.

This course has a practical focus and is open to anyone who is interested in pursuing a career in AML. It is however most relevant to:

  • New/recently appointed MLROs and deputies
  • New/recently appointed Financial Crime and Risk Officers
  • Compliance Officers
  • Internal auditors assuming responsibilities for money laundering/financial crime issues
  • All individuals engaged in financial services and who aspire to a career in anti money laundering

Assessment

You will be assessed by means of two 2,000-2,500 word assignments – one during and one at the end of the course.

This course is awarded in association with Alliance Manchester Business School, the University of Manchester and the course fee includes a printable certificate once you have completed the course.

Prerequisites

The Advanced Certificate is open to anyone who is interested in pursuing a career in the discipline. The content of the course requires you to possess a sound educational background and good written English skills.

In order to study any ICA qualification you need to be a member of the ICA. If you’re not currently a member of the ICA, membership will be added to your basket during checkout.

The ICA has five different levels of individual membership. Whether you are just starting out in your career, already hold an ICA qualification or are an experienced practitioner, there is a level appropriate for you and this will be activated at the same time as your course commences.


Next Steps

Whilst the GTA facilitates the training for ICA qualifications, you need to enrol online directly with the ICA. Scroll down when you reach this page and enter Guernsey when it asks ‘Where are you based?’ You can then follow the process to enrol.

Course Tutor

  • The International Compliance Association (ICA)

    The International Compliance Association (ICA) is the leading professional body for the global regulatory and financial crime compliance community. It is also the provider of internationally recognised, professional, certificated qualifications in anti-money laundering; governance, risk and compliance and financial crime prevention.

    Being a member of the ICA, a global community, is a mark of prestige and shows that you have reached a standard of excellence in your professional career.

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